Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Conflux adds an EVM-compatible solution for interacting with Bitcoin.
ADOPTION NEWS

Conflux adds an EVM-compatible solution for interacting with Bitcoin.

By Crypto FlexsJanuary 18, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Conflux adds an EVM-compatible solution for interacting with Bitcoin.
Share
Facebook Twitter LinkedIn Pinterest Email
Layer 1 • January 18, 2024 10:36 AM EST

Posted 1 minute ago In ~

Layer 1 blockchain Conflux Network is developing an “EVM compatible” solution focused on interoperability with Bitcoin.

This solution allows you to transfer Bitcoin and Conflux-based tokens between Conflux and the Bitcoin network. The testnet is scheduled to launch at the end of March, and the mainnet is scheduled to launch in May.

Conflux is known for combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus in the network. The new solution will operate on top of the main chain with the goal of interacting directly with Bitcoin. The team said it will use Bitcoin for gas fees and support Ethereum-based contracts.

Conflux “leverages the strengths of Bitcoin and seamlessly integrates it into our network with forward-thinking features such as PoS-based staking capabilities, giving users more channels to interact with decentralized applications built on top of the platform. “I’m doing it,” he said.

This project aims to equip inscription-based tokens. Inscriptions, which allow users to inscribe data on individual satoshis, have become popular in Bitcoin over the past year.

“By implementing EVM compatibility, our network can seamlessly manage Bitcoin-based assets such as BTC and xRC20 tokens (e.g. BRC20 and ARC20) through smart contracts,” Conflux said.

According to The Block’s pricing page, the Conflux token (CFX) is up more than 10% today, trading at $0.22.

CFX has a market cap of $801.9 million and a circulating supply of 3.6 billion.

Price action for CFX over the last 24 hours. Image: Block pricing from Conflux.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

One All-Powerful Asset Across Two Ecosystems

September 24, 2025

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025
Most Popular

Binance Futures Launches Funding Rate Arbitrage Bot with USDT Rewards

May 16, 2024

Bitcoin price falls below $63,000 due to decline in whale trading

June 25, 2024

EU Authorities Investigate Bank-NBFI Relationships, Including Cryptocurrencies

January 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.